RBI has caught up with economic realities and lowered growth forecast while raising inflation forecast. It has also indirectly increased the reverse repo rate. This will impact the government’s budget calculations and capex plans and the recovery tied to it. A sombre note to begin the new financial year on.
Covid booster shots for all adults is good news. Now follow it up with strong messaging
Modi government’s decision to open Covid booster shots to all adults is good news, even if a tad delayed. This should be followed by strong messaging encouraging people to take boosters. Covid still remains a threat not just to public health but also economic recovery that’s been hit by geopolitics.
Pakistani democracy’s rhetorical victory won’t mean much until army is out of political equation
Pakistan’s Supreme Court has redeemed itself by restoring parliament and forcing Imran Khan to face the trust vote. But it’s just a rhetorical victory for Pakistan’s faux democracy. A caretaker government, elections, another government won’t mean much until the army is out of the political equation and policymaking becomes independent.